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Stock Market & Financial Investment News

News Breaks
June 12, 2014
08:36 EDTUTX, CASA. M. Castle signs preferred supplier agreement with United Technologies
A. M. Castle (CAS) has signed a long-term agreement to become a preferred supplier of raw materials and value added services, including processed and machined parts and supply chain solutions, to business units of United Technologies (UTX).
News For CAS;UTX From The Last 14 Days
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February 27, 2015
18:10 EDTUTXLockheed Martin, United Technologies JV awarded $2B government contract
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08:34 EDTCASA. M. Castle engages Conway MacKenzie to continue restructuring efforts
The company said it engaged Conway MacKenzie to expand and accelerate restructuring and cost improvement efforts. In 2014, it had included consolidation of certain facilities and strategic de-layering through headcount reductions.
08:32 EDTCASA. M. Castle appoints A. Jeffrey Zappone to interim COO
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08:32 EDTCASA. M. Castle reports Q4 non-GAAP EPS ($1.64), consensus (43c)
Reports Q4 revenue $231.47M, one estimate $228.6M
February 25, 2015
17:23 EDTUTXUnited Technologies awarded $407M government contract
United Technologies Corp., East Hartford, Connecticut, has been awarded a $407M indefinite-delivery/indefinite-quantity contract for engine component improvement program. Contractor will provide design improvement, life management/analysis, repair development and test of engines produced by Pratt & Whitney. Work will be performed at East Hartford, Connecticut, and is expected to be complete by Dec. 31, 2021. This contract involves foreign military sales. This award is the result of a sole-source acquisition. Fiscal year 2015 research, development, test and evaluation funds in the amount of $5M are being obligated at the time of award for task order 0001. Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity.
07:09 EDTUTXUnited Technologies price target to $138 ahead of Analyst Day at Credit Suisse
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February 23, 2015
06:51 EDTUTXAerospace sector downgraded to Neutral from Attractive at Goldman
Goldman downgraded the Aerospace sector to Neutral based on group outperformance and increased downside risks. The firm believes Boeing (BA) and Airbus are now oversupplying the market after a decade of undersupply and replacement demand required to sustain production may prove difficult to achieve. Goldman said accelerated new aircraft replacements was partially due to fuel economics and lower fuel prices and global growth volatility could substantially change Aerospace dynamics. As part of the sector view change, Goldman downgraded Boeing to Sell from Neutral and Precision Castparts (PCP) to Natural from Buy.
February 20, 2015
10:01 EDTCASOn The Fly: Analyst Downgrade Summary
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06:27 EDTUTXUnited Tech's Sikorsky may look to make military helicopters in India, WSJ says
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06:05 EDTCASA. M. Castle downgraded to Hold from Buy at Jefferies
Jefferies downgraded A. M. Castle to Hold with a $6 price target citing challenging market conditions.

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